A buzzword with edge – Macfarlanes head reviews the most hyped professional services book for years

Collaboration within a law firm is as self-evidently a good thing as motherhood and apple pie. But then you might think the case for global warming is pretty clear too. So, despite the wave of professional recognition Harvard Law School professor Heidi Gardner (pictured) has received for her work on team-working, her new book, Smart Collaboration, has the considerable challenge of getting lawyers past the outskirts of platitudinal praise and towards the town centre of actual working habits. Continue reading “A buzzword with edge – Macfarlanes head reviews the most hyped professional services book for years”

Comment: There’s value in CMS’ purchase and one big hurdle ahead

In the wake of the eye-catching tie-up of CMS Cameron McKenna, Nabarro and Olswang, Legal Business noted last year that the gnomic messages around the union made it a hard one to judge. And even after a detailed assessment of the largest UK legal merger ever, as we undertake for this month’s cover feature, it’s not easy to put the pieces together. Continue reading “Comment: There’s value in CMS’ purchase and one big hurdle ahead”

Hogan Lovells International posts 26% PEP boost as firm moves to pay down pension liability

Hogan Lovells International, which covers the firm’s operations outside of the US, has seen an 8% increase in turnover compared to the previous year, according to the firm’s filings on Companies House. This saw revenue jump from £591m in 2015 to £638.2m for the year ended April 2016. Continue reading “Hogan Lovells International posts 26% PEP boost as firm moves to pay down pension liability”

In flux: Herbert Smith Freehills cites forex impact as accounts slice £38m off the top line

With complex structures and global operations, it has become increasingly difficult to benchmark financial performance of major law firms… which is why it is often revealing to compare public accounts to initial disclosures. 

The latest case in point is Anglo-Australian giant Herbert Smith Freehills (HSF), which has just confirmed 2015/16 revenues nearly £40m lower than its initial disclosure, citing the dramatic impact of fluctuating currencies over the year.

Continue reading “In flux: Herbert Smith Freehills cites forex impact as accounts slice £38m off the top line”

‘A self-serving industry’: barristers blast Bar Standards Board over training reform

Over 500 barristers have condemned proposals from the Bar Standards Board (BSB) to reform the regime for barristers-in-training.

High-profile members of the profession, such as former Lord Chief Justice Lord Woolf, are among the 505 signatories of an open letter to the BSB, criticising its suggestions for restructuring the exam process.

Continue reading “‘A self-serving industry’: barristers blast Bar Standards Board over training reform”